Xcel Energy Inc. (XEL) Earnings History
Steady Earner32 years of earnings data (1994–2025) · Positive but moderate multi-year EPS trajectory
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Xcel Energy Inc. (XEL) Earnings Overview
As of June 22, 2026, Xcel Energy Inc. (XEL) reported trailing twelve-month net income of $2.09B, reflecting -0.6% year-over-year growth. The company earned $3.34 per diluted share over the past four quarters, with a net profit margin of 13.8%.
Looking at the long-term picture, XEL's 5-year EPS compound annual growth rate (CAGR) stands at +4.2%, reflecting modest earnings expansion. The company achieved its highest annual net income of $2.02B in fiscal 2025, representing a new all-time high.
Xcel Energy Inc. maintains positive profitability with a gross margin of 24.3%, operating margin of 19.6%, and net margin of 13.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ED ($2.15B net income, 12.0% margin), WEC ($1.64B net income, 15.9% margin), ES ($1.75B net income, 12.5% margin), XEL has outperformed on profitability metrics. Compare XEL vs ED →
XEL Earnings vs Peers
Earnings metrics vs comparable public companies
XEL Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.02B | +4.2% | $2.88B | $3.42 | 13.8% | 19.6% |
| 2024 | $1.94B | +9.3% | $2.39B | $3.44 | 14.4% | 17.8% |
| 2023 | $1.77B | +2.0% | $2.48B | $3.21 | 12.5% | 17.5% |
| 2022 | $1.74B | +8.7% | $2.43B | $3.17 | 11.3% | 15.9% |
| 2021 | $1.60B | +8.4% | $2.20B | $2.96 | 11.9% | 16.4% |
| 2020 | $1.47B | +7.4% | $2.12B | $2.79 | 12.8% | 18.4% |
| 2019 | $1.37B | +8.8% | $2.10B | $2.64 | 11.9% | 18.2% |
| 2018 | $1.26B | +9.8% | $1.97B | $2.47 | 10.9% | 17.0% |
| 2017 | $1.15B | +2.2% | $2.19B | $2.25 | 10.1% | 19.2% |
| 2016 | $1.12B | +14.1% | $2.21B | $2.21 | 10.1% | 19.9% |
| 2015 | $984M | -3.6% | $2.00B | $1.94 | 8.9% | 18.1% |
| 2014 | $1.02B | +7.7% | $1.95B | $2.03 | 8.7% | 16.7% |
| 2013 | $948M | +4.8% | $1.85B | $1.91 | 8.7% | 16.9% |
| 2012 | $905M | +7.6% | $1.82B | $1.85 | 8.9% | 18.0% |
| 2011 | $841M | +11.3% | $1.78B | $1.72 | 7.9% | 16.7% |
| 2010 | $756M | +11.0% | $1.62B | $1.62 | 7.3% | 15.7% |
| 2009 | $681M | +5.5% | $1.47B | $1.48 | 7.1% | 15.2% |
| 2008 | $646M | +11.8% | $1.39B | $1.46 | 5.8% | 12.4% |
| 2007 | $577M | +1.0% | $1.35B | $1.35 | 5.8% | 13.5% |
| 2006 | $572M | +11.5% | $1.18B | $1.36 | 5.8% | 12.0% |
| 2005 | $513M | +44.1% | $1.09B | $1.23 | 5.3% | 11.4% |
| 2004 | $356M | -42.8% | $1.07B | $0.87 | 4.3% | 13.1% |
| 2003 | $622M | +128.1% | $1.09B | $1.50 | 8.1% | 14.0% |
| 2002 | -$2.22B | -379.0% | -$1.43B | $-5.76 | -31.8% | -20.5% |
| 2001 | $795M | +50.9% | $1.73B | $2.30 | 9.1% | 19.8% |
| 2000 | $527M | +134.9% | $1.39B | $1.54 | 4.6% | 12.2% |
| 1999 | $224M | -20.6% | $457M | $1.70 | 2.9% | 5.9% |
| 1998 | $282M | +19.0% | $510M | $1.88 | 4.3% | 7.7% |
| 1997 | $237M | -13.6% | $478M | $1.61 | 8.7% | 17.5% |
| 1996 | $275M | -0.5% | $527M | $1.91 | 10.3% | 19.9% |
| 1995 | $276M | +13.3% | $493M | $1.96 | 10.7% | 19.2% |
| 1994 | $244M | - | $438M | $1.73 | 9.8% | 17.6% |
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XEL — Frequently Asked Questions
Quick answers to the most common questions about buying XEL stock.
What is XEL earnings per share (EPS)?
XEL trailing twelve-month (TTM) diluted EPS is $3.34, reflecting -0.6% year-over-year growth. The 5-year EPS CAGR is +4.2%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Xcel Energy Inc.'s net income?
Xcel Energy Inc. (XEL) trailing twelve-month net income is $2.1B as of 2025. Earnings declined -0.6% year-over-year. Xcel Energy Inc. has been profitable for 23 consecutive years.
Is XEL profitable?
Yes, XEL is profitable with a TTM net income of $2.1B and a net profit margin of +13.8%. Xcel Energy Inc. has generated profits for 23 consecutive years.
What is XEL's earnings growth rate?
XEL compound annual EPS growth rates (CAGR): 1-Year: -0.6%, 3-Year: +2.6%, 5-Year: +4.2%, 10-Year: +5.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are XEL's profit margins?
Xcel Energy Inc. net profit margin is +13.8%, operating margin is +19.6%, and gross margin is +24.3%. Margins are within a typical range for the sector. Return on Equity is +9.4%.
Is XEL growing earnings?
XEL earnings growth is slowing. Current YoY EPS growth of -0.6% trails the 5-year CAGR of +4.2%. TTM net income is $2.1B.
What was XEL's best earnings year?
Xcel Energy Inc.'s highest annual net income on record is $2.0B, achieved in fiscal year 2025. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were XEL's earnings last quarter?
XEL's most recent reported quarter was Q1 2026. Net income was $556M with diluted EPS of $0.89. For a full breakdown of all quarters, see the quarterly earnings table on this page.